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By Michael James and Michael James,Staff Writer | June 21, 1992
A U.S. District Court judge sentenced a Columbia woman yesterday to five months in prison for a five-year check-kiting scheme in which she stole over $78,000 from an Ellicott City bank.Lavida B. Smith, 40, was also ordered to pay Citizens Bank of Maryland $25,200 in restitution over a three-year probation period. Under an agreement with the bank, Smith will continue making monthly payments of $700 until the remainder of the stolen money is paid back.Judge Marvin J. Garbis also required Smith to serve an additional five months in home detention.
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NEWS
By Marcia Cephus | February 11, 2007
First Citizens Bank opening branch First Citizens Bank will open a branch tomorrow at 890 Bestgate Road in Annapolis. It will offer drive-through lanes and automated teller machines. The bank will consolidate business from the branch at 1967 West St. Prizes awarded in homeland security Scantech Holdings LLC of Atlanta, the national winner, and Sensics Inc. of Baltimore, the Maryland winner, took home $50,000 each as winners of the first Defend America Challenge, the Chesapeake Innovation Center's national homeland security technology business plan competition.
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NEWS
April 1, 1993
Someone who apparently knew the combination to a safe stole more than $2,400 from the Fair Lanes Bowling Center in Annapolis on Sunday or Monday, county police said.Assistant Manager Brian D. King noticed the money missing Monday afternoon and called police. He told authorities that the money was part of a bank deposit and was in a Citizens Bank of Maryland bag.Police said there were no signs of forced entry to the safe or the building in the 2000 block of Generals Highway.
BUSINESS
November 29, 2006
M&T Bank named Frances E. McNally manager of its Amber Meadows branch in Frederick. Preston Partners Inc. announced that Whitney Ferriell joined the financial planning and capital management commercial real estate firm as an associate in the mortgage banking group. Legal-insurance Offit Kurman said Mark Brenner has joined the law firm's new Maple Law Tax Advisory unit as a certified public accountant. Nonprofits The Children's Guild named Shemille Brown to the staff as clinical coordinator of group living programs.
NEWS
By Michael James and Michael James,Howard County Bureau of The Sun | January 14, 1992
An employee of the Howard County government was arrested yesterday by the FBI and charged with bilking Citizens Bank of Maryland of $93,000 through a mounting check-kiting scheme that required her to visit the Ellicott City bank nearly every business day for six years.Federal agents arrested Lavida B. Smith, 40, of Columbia shortly before noon at the offices of the county Department of Finance in Ellicott City, where she has worked for the past 10 years as an administrative aide.Although county officials said they planned to perform an audit of the department's books over the next few weeks, investigators said they had as yet no evidence that county money was used in the check-cashing scheme.
BUSINESS
July 10, 1992
Cosmetic Center Inc.This Savage-based retail chain continued to post strong earnings gains during its third quarter, which ended June 26, the company said yesterday.The 38-store chain, which plans to open two stores in Chevy Chase and Northern Virginia next month, reported yesterday that its quarterly earnings rose to $520,000, or 13 cents a share, from $328,000, or 11 cents a share, during the same period a year ago.Sales increased 16.7 percent, to $23.7 million from $20.3 million, as comparable-store sales rose 10 percent.
BUSINESS
October 10, 1991
This Laurel-based bank holding company, parent of Citizens Bank of Maryland, reported lower earnings during its third quarter compared with a year ago as a higher provision for possible souring loans and higher federal deposit insurance premiums took their combined toll.The banking company, which has 120 offices in Maryland, Virginia and Washington, said it earned $6.3 million, or 45 cents a share, compared with income of $7.5 million, or 53 cents a share, a year earlier.Calvin T. Wetklow, controller of the company, said that much of the drop came as a result of increased deposit insurance premiums.
BUSINESS
By Ross Hetrick and Ross Hetrick,Evening Sun Staff | February 12, 1991
An article about state-chartered banks in some editions of yesterday's Money Today contained incorrect figures provided by the Office of the State Bank Commissioner.Net income for 78 state-chartered banks declined by 52.8 percent in 1990 to $123 million and the Riverdale-based Citizens Bank & Trust Co. of Maryland had a net income of $25.9 million, according to the revised figures.Hit by souring real estate loans, the 78 state-chartered banks saw their the consolidated net income drop by 49.2 percent in 1990, declining from $260.
BUSINESS
February 11, 1995
Acquisition of QVC completedComcast Corp. and Tele-Communications Inc. said yesterday that they have completed their $1.42 billion acquisition of QVC Inc., accepting all shares of the home shopping network that were tendered.The transaction closed one week after the Federal Trade Commission voted 4-0 to let TCI buy a bigger share in QVC, ending months of uncertainty for the nation's largest cable TV operator.Comcast owns 57.4 percent of the joint venture, while TCI's Liberty Media owns about 42.6 percent.
NEWS
September 25, 2005
AACC workshops for nonprofits set Anne Arundel Community College will hold a Nonprofit Resource Day from 8 a.m. to noon Friday in Applied Learning and Technology Room 100 on the Arnold campus, 101 College Parkway. The event will feature workshops and more than 40 exhibits by nonprofit and volunteer groups from around the region. Keynote addresses will be given at 8:40 a.m. by Vanessa Morales, grant administrator for Anne Arundel County; and Griff Hall, executive director of Leadership Anne Arundel.
NEWS
BY A SUN STAFF WRITER | April 27, 2005
For most of the morning, Glenn L. Wilson barely alters his solemn demeanor while sitting in his fourth-floor office and discussing prime rates, credit-worthy customers and assets. Suddenly, the slightest hint of a smile creases the banker's face as he alludes to the chaotic state of the U.S. 40 commercial strip in Ellicott City, where Citizens National Bank has authorized $25 million in below-market-rate loans for revitalization. "It took a long time to get it into the state it is now," says Wilson, president and chief executive officer of the Laurel-based bank.
SPORTS
By Peter Schmuck and Peter Schmuck,SUN STAFF | April 13, 2004
PHILADELPHIA - No one disputes the genesis of brand-new Citizens Bank Park. It was born in the mind of Philadelphia Phillies owner Bill Giles the year that baseball's first neo-classical ballpark was unveiled near Interstate 95 about 100 miles south of featureless Veterans Stadium. Camden Yards was a revelation - a baseball-only structure that reflected the traditional charm of an old-time park without sacrificing any of the revenue potential of a state-of-the-art facility. The Vet was a multipurpose, cookie-cutter stadium that lacked personality and great revenue potential, but the original plan was to renovate it ... until Giles saw Oriole Park.
SPORTS
June 18, 2003
Moves Baseball ASTROS: Placed P Roy Oswalt on 15-day DL, retroactive to June 11, with pulled groin. Recalled P Rodrigo Rosario from Triple-A New Orleans. BLUE JAYS: Signed P Juan Acevedo. DIAMONDBACKS: Placed 3B Shea Hillenbrand on 15-day DL, retroactive to June 9, with left oblique strain. Activated former Orioles OF David Dellucci from 15-day DL. DODGERS: Activated 1B-OF Daryle Ward from 15-day DL. Optioned OF Bubba Crosby to Triple-A Las Vegas. GIANTS: Placed C Yorvit Torrealba on bereavement list.
NEWS
By Frederick N. Rasmussen and Frederick N. Rasmussen,SUN STAFF | August 18, 2000
John T. Daugherty, a former Navy test pilot, World War II veteran and businessman who helped establish Lexington Park in Southern Maryland, died Saturday of heart failure at St. Mary's Hospital in Leonardtown. He was 81. After World War II, when the young test pilot arrived in Lexington Park - 55 miles southeast of Washington - the St. Mary's County village was nothing more than a boomtown that had mushroomed around Patuxent Naval Air Station, which was built during the early war years.
BUSINESS
By Lyle Denniston and Lyle Denniston,Washington Bureau of The Sun | March 28, 1995
WASHINGTON -- The Supreme Court agreed yesterday, in a Maryland bank case, to rule on the power of banks, credit card issuers and credit unions to stop bankrupt customers from withdrawing money from accounts after defaulting on a loan or a credit advance.At issue in an appeal by Citizens Bank of Maryland is a section of federal law that bars creditors from disturbing the financial assets of debtors while they are going through bankruptcy proceedings.The 4th U.S. Circuit Court of Appeals in Richmond, Va., which decides federal legal issues for a five-state region that includes Maryland, ruled in October that it is illegal for a bank to freeze a bankrupt customer's account to make sure funds are left to cover a debt owed to the bank.
BUSINESS
February 11, 1995
Acquisition of QVC completedComcast Corp. and Tele-Communications Inc. said yesterday that they have completed their $1.42 billion acquisition of QVC Inc., accepting all shares of the home shopping network that were tendered.The transaction closed one week after the Federal Trade Commission voted 4-0 to let TCI buy a bigger share in QVC, ending months of uncertainty for the nation's largest cable TV operator.Comcast owns 57.4 percent of the joint venture, while TCI's Liberty Media owns about 42.6 percent.
NEWS
By Michael James and Michael James,Staff writer | January 19, 1992
A Howard County government employee who allegedly stole $93,000 froma local bank in a check-kiting scam had built up 15 years of trust with bank officials, who were duped by a con job similar to one used by unscrupulous corporate investors."
BUSINESS
By Lyle Denniston and Lyle Denniston,Washington Bureau of The Sun | March 28, 1995
WASHINGTON -- The Supreme Court agreed yesterday, in a Maryland bank case, to rule on the power of banks, credit card issuers and credit unions to stop bankrupt customers from withdrawing money from accounts after defaulting on a loan or a credit advance.At issue in an appeal by Citizens Bank of Maryland is a section of federal law that bars creditors from disturbing the financial assets of debtors while they are going through bankruptcy proceedings.The 4th U.S. Circuit Court of Appeals in Richmond, Va., which decides federal legal issues for a five-state region that includes Maryland, ruled in October that it is illegal for a bank to freeze a bankrupt customer's account to make sure funds are left to cover a debt owed to the bank.
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